Variable Rate Credit Cards

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Variable rate credit cards Less common than fixed rate credit cards, variable rate cards begin with a low introductory rate for a set period of time, then switch to a rate that can change--either up or down--with then current financial market. These rates will be tied to a national "index" such as the LIBOR index or the prime rate as determined by the Wall Street Journal or some other source. Your rate will vary with fluctuations in the index used. Hints on Online Variable Rate Credit Cards H I N T S Check your credit upfront. This gives you an opportuntity to discover--and correct--any mistakes. Credit report options. If you feel confident in the stability of interest rates (or think they may decrease) a variable rate card may be best for you. Make Comparisons. Check the introductory rate and how the variable rate is determined after the introductory period. Variable means rates can go down--or up. If you want the security of a fixed interest rate, consider a fixed rate card instead.